Banco Santander has announced this Tuesday that it will raise the shareholder remuneration policy from approximately 40% to around 50% of profit between 2023 and 2025, both with cash dividends and share repurchases.
The target ‘pay-out’ will be approximately 50% of the attributable net profit (excluding impacts without effect on cash or direct effect on capital ratios), distributed around 50% in cash dividend and 50% in share repurchases. shares, precisely the bank, which indicates that the application of this remuneration policy to shareholders will be subject to future internal decisions and regulatory approvals.
